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Job Classification:
Investment Management - Investments
PGIM: 2025 Real Estate, Summer Investment Analyst Program
Location(s):
Newark, NJ (Equity); New York, NY (Debt); Atlanta, GA (Equity & Debt); San Francisco, CA (Equity & Debt); Chicago, IL (Debt); Dallas, TX (Debt); Los Angeles, CA (Debt); Arlington, VA/DC Metro Area (Debt) (Hybrid)
PGIM is the diversified asset management business of Prudential Financial, Inc. (NYSE: PRU). With $1.3 trillion in assets under management, and 41 offices spanning 20 countries, PGIM is among the worlds leading asset managers. Comprised of seven self-governing asset management divisions, PGIM offers a distinct workplace culture that aligns with the firms ultimate objective: to provide premier service to our clients while fostering an inclusive workplace culture that is rooted in trust, respect, and equality. PGIM was ranked #3 in Pensions & Investments Best Places to Work in Money Management in 2023. Prudential is a fully inclusive workplace: we value the unique perspectives and experiences of every individual, and we work hard ensure to Prudential is a welcoming and rewarding place to work for people of all identities and backgrounds.
With $208B in gross assets under management and administration ($131B net), PGIM Real Estate provides investors and borrowers access to a range of real estate equity, real estate debt, agriculture, and impact solutions across the risk-return spectrum.
PGIM Real Estate is a business of PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU). PGIM Real Estates risk management approach, execution capabilities and industry insights are backed by a 50-year legacy of investing in commercial real estate, a 140-year history of real estate financing, and the local experience of professionals in 32 cities globally. Through its investment, financing, asset management, and talent management approach, PGIM Real Estate engages in practices that strive to ignite positive environmental and social impact, while pursuing activities that seek to strengthen communities around the world. For more information visit pgimrealestate.com.
Timeline:
The internship program will run from Monday, June 2nd, 2025, to Friday, August 8th, 2025.
We review applications on a rolling basis, and we encourage you to apply as soon as you are ready. All fall applications will close on or by Friday, October 4th, 2024, at midnight ET. We reserve the right to close applications early due to volume or role(s) being filled.
Applications for PGIM Investment Professional roles are open as of July 1st. All other businesses will open on August 2nd. To ensure you are considered for the opportunities you want most, you are only able to apply to 3 positions per recruitment season.
Your Day to Day:
You will be empowered to contribute in a meaningful way, add new value to organization initiatives and effect change. Your placement within PGIM Real Estate will be in
one
of the following areas:
PGIM Real Estate Equity Business
Acquisitions (Transactions)
Acquisitions analysts will be a part of a small team responsible for the sourcing, underwriting, financial modeling, and due diligence for new acquisitions on behalf of all PGIM Real Estates portfolios. Build cash flow and waterfall models, Investment Committee books, sensitivity tables, rent roll analyses, comparable property sets, and other financial analyses required to evaluate, pursue, and explain acquisition/development opportunities.
Asset Management
Collaborate with partners, consultants, property managers and leasing brokers to manage a portfolio of operating assets, development projects, and/or repositioning projects across the risk spectrum. Drive asset performance through the execution of leasing, operational, financing, and disposition strategies.
PGIM Real Estate Debt Business
Originations
- Assist investment professionals in analyzing and securing loans. Responsible for all phases of evaluating new investment opportunities including cash flow modeling, property valuation, sensitivity analysis, market research, and credit analysis. Help manage the deals throughout the due diligence and closing process.
Underwriting
- Analyze potential loans to ensure they meet appropriate standards. Day-to-day responsibilities include handling the due diligence process with internal and external parties, analyzing investment strategy, cash flow assumptions, and market data, and completing detailed investment packages for credit approval.
Portfolio or Deal Management
Key responsibilities include assisting credit officers in achieving the overall domestic and international mortgage production goals and serving as a resource for origination teams on policies and procedures throughout the life cycle of a deal.
Responsibilities may include but are not limited to:
Conducting financial modeling to evaluate potential new investment opportunities.
Underwriting and analysis to support asset management decisions (e.g., leasing, financing, buy/sell scenarios, property valuations, and joint venture structuring).
Creating and implementing strategies for developments, renovations/repositionings, and capital projects.
Collaborating with external parties including leasing/sales brokers, property managers, joint venture partners, and legal counsel.
Providing analytical support on a wide variety of assignments including market research, review of property operating statements, cash flow modeling, property valuation, borrower credit review, and preparation of loan briefs for investment committee approval.
Required Qualifications:
Candidates must be enrolled in an accredited bachelors program or 5th year masters program graduating between...

Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity